OFFSHORE
“ Historically the best time to invest is when people are the most negative ”, as quoted in The Times by Rob Dix , co-founder of The Property Hub and this makes sense because buying a property now at today ’ s rates ensures your investment numbers work and takes away the uncertainty faced by investors who bought when rates were very low .
Furthermore , the UK continues to go through a rental crisis as rental prices soar ; last year they increased by 7.9 %. My sister moved out of her London property last week and the landlady relisted the room to let , within 10 minutes she had received 15 enquiries and the lease was resigned that week . Demand is high and buyto-let investors are not seeing void periods .
Now is the time to invest in UK property , how is it possible as a South African ?
Buying property in a foreign country can seem daunting . From which area to choose , to legal processes , finances , tax and mortgages , there are many decisions to be made . Many people never take the first step mainly due to fear of making a mistake or not knowing where to start . Often investors deem it unattainable due to the cost and fear of the unknown , but the entry level for international real estate investors is much lower than people think . With lending accessible to most investors , the minimum investment requirement is around R800,000 , which would buy you an asset class around £ 120,000 .
SA Real Estate Investor Magazine FEB 2023 105